Results
The expected Q3 2004 sales now range from $135mn to $140mn, a 8-11% decrease on Q2 2004 sales of $151.6mn. MKS' Q3 2003 sales totalled $81.6mn.
The law firm Shepherd, Finkelman, Miller & Shah, have announced that a lawsuit seeking class action status has been filed on behalf of all persons who purchased Lattice Semiconductor common stock between April 22, 2003 and April 19, 2004. The complaint names Lattice, Cyrus Y Tsui and Stephen A Skaggs as defendants.
The complaint alleges that the defendants knowingly or recklessly issued and/or participated in the issuance of materially false and misleading statements and financial information as part of ongoing efforts to create and continue an illusion of Lattice's growth in the semiconductor industry.
The complaint alleges that defendants materially understated its accounts payable balance, materially overstated earnings, and falsely represented financial results.
The legal team is seeking further claimants.
